Topic: Hope for the best, but expect the worse! (Read 853 times)

This notion of trying to earn back the money you have lost immediately after a mistaken decision does not really make sense, trading is very difficult so it is natural that most people have never mastered it, but it is not possible to somehow learn how to win all the time, as even companies like casinos cannot achieve this, and if they did, you can be sure there will not be any players left after the massive economic losses they would incurred and the dissatisfaction they will fill after this happened.

It’s true we should keep our expectations high because that is what will make us focus and trade with no fear. As a trader, losing is something that must happen whether a trader likes it or not. Losing is part of the journey, but many traders did think it was a normal thing that happened to traders; they thought they would get profit all the time, which is not true. Every investment has a risk attached to it, and the risk that is behind trading is money that you will easily lose, especially if you have deep knowledge of trading. You are at high risk of losing money.

Emotions are always another factor why some traders lose money, especially if they lose in their previous trade. They put it in my mind that they must recover the loss from the next trader. The last thing I will mention that you forget is greed. Many traders are greedy; they are not ready to learn, and they put too much hope on trading. 

Volatility is part of bitcoin which we can not do without, some see it as dangerous but it is not, it can be dangerous to those who don't have understanding of how it work.  In bitcoin we need volatility, without it their won't be profit, volatility is what makes bitcoin a better currency compare to fiat. The reason why bitcoin volatility is a problem to some people, they rush into the market without trying to have understanding concerning the market. When people know nothing about the volatility of bitcoin it becomes very dangerous that can lead to lose of money.  

Their is nothing difficult about volatility if there is a good understanding about volatility. When you understand volatility of bitcoin while trading or hodling you don't need depend on it,  it is important one must have a source of income to depend on. It is better to trade and hodl what you can afford to lose, and one has to be patient with the market. For one not to be bothered about volatility just understand it and it is not going to hurt just like some people thinks about it.

Well that's it, it means that this is why a trader, especially a beginner, is always advised to dedicate himself seriously to learning various things related to the world of trading, because after all the key to success in trading is knowledge and experience, making mistakes is a natural thing for a human being who does not know what is right and what is wrong, but it is a natural process that everyone goes through in any case to achieve an experience, and this experience will make a trader know that applying greed is an action that is too risky, and giving up in the middle of the journey just because you experience a loss is a loser's mentality.

It means as you said that even though it is human nature but all of that can still be controlled and something that will help you to control it is knowledge and experience, so this is the reason why as I said above that a trader must always have the desire to learn.

In life everything will have 2 sides, or everything will definitely be in pairs. We cannot always want to get benefits (get something good), sometimes we will experience losses. On the other hand, we will not always feel a loss (get something bad), because we will definitely get benefits, as long as we do it with full consideration based on knowledge and experience. The problem is that people become greedy when they get benefits and people give up more quickly when they experience losses. Indeed, that is our natural trait, but that natural trait can be controlled if we have very adequate knowledge. Another problem is that they are quick to conclude while they do not have the knowledge that is usually done by beginners.

As they say, there are no perfect person in this world. So, even if we think we already crafted our best version, there will still be a time that we will commit a mistake again. So the answer to your question is yes. When we go overboard due to greed, I think yeah that luck is most of the things that we will be needing now even though there are also skills there that we applied. There are still times that our outcome is still positive and hopefully will now calm down and return to our previous state next time. Funds are only just a funds. We shouldn't let them rule us too. This is what they say that money is the root of all evil because we let them rule us.

That's interesting, different situations require different reactions and plans? of course, make sure that everything remains objective and does not go off the right track, and the only way to stay in control of everything in my opinion is to maintain awareness so that we can avoid various actions that should be avoided in every particular situation such as emotions when we experience losses or greed that arises in the mind when we have succeeded in achieving the profit target.

In the end I think everything will be fine if only we can always maintain awareness and a rational mindset to identify every sign of a decision that should be avoided and also to know when is the right time to stop.

It's his knowledge tested as well as the self-discipline, will a person be able to go out of the position that he has, if it's too risky / already got the profit needed - or he will try his luck out due to greed, which you described?
Different situations need different reactions and plans for them, that's why it's important to stay responsible and look after your funds, because you are their ruler, not your emotions or temptations.

Exactly, you said everything correctly which I would say that is the reason why greed is something that must be avoided, and that is also the reason why the ability to stop at the right time must be possessed by a trader, the fact is that stopping in a small profit situation is always much better than exiting without profit or even exiting with a loss situation.

As we know that the market is very volatile, a profitable initial position does not mean that you will end the position with a profit, the market is not still, the possibility of an opposite movement is very possible, and this is where the intelligence of a trader is tested, and this is the reason why skills and knowledge are the main keys to staying in the best position, and this is also the reason why a trader, especially a beginner, is always required to have a strong intention and determination to learn.

Yes, this is something the primary rule when you do make out some investment here on crypto space on which you should really that invest on the amount that you do afford to lose because if you do find yourself having this kind of approach on which you do find being that too optimistic and that too much positive about on the outcome or results then on the moment that the market fucks up you hard then it will really be that giving out
that not good feeling or simply with those disappointment and anger on which this could possibly causes up for you to do actions on which arent supposed to be done. This is why it will really be that important that you should really expect the unexpected always on which this market had been always that unpredictable in the first place then it does give out the idea that everything couldnt really be that assured. This is why it would be wise and ideal that you should really be that versatile enough on dealing up with this space and dont make yourself that fixated into the positive results or outcomes because thats not how easy as it goes.
Always be prepared for different back up plans whenever your initial analysis had been failed or a total loss then it will really be that just right that you should know on what you should do next.

Yea, since no one can predict the market movement, losses are bound to happen even as a professional trader and that's why one should always use the amount of money that you can afford to lose in order for you to be in control of your emotions when you run at loss.

A new trader needs to practice for him to have experience about the market and improve his knowledge and such people will always run at loss at the beginning till they have figured out a good strategy that works for them to make profit. Just like gambling losing is inevitable so prepare your mind towards it.

In crypto trading, prices can rise significantly and this is certainly quite tempting for those of us who want to profit from crypto trading. However, behind all that we must also understand that there is an unknown risk of price declines when trading crypto. So I think all traders should understand all of this, that way we will always be prepared if a loss occurs.

That is why in the world of trading we need what is called independent knowledge and analysis so that we can predict the crypto that we want to trade can be held or sold so that we can minimize losses. Sometimes after the crypto price drops, selling is not the right choice, we need to hold it for a certain period of time to be able to make significant profits. That is the use of knowledge and being able to control emotions so as not to panic when the price drops.

After doing everything correctly in the best way that you can you still need to hope for the best but expect the worst for everything to work exactly as you have predicted as trading is so unpredictable. You can predict the market accurately but it doesn't mean that the market can't go the opposite direction of everything that you have done. As a result of this unexpected behaviour of the market sometimes. that's why we don't have to keep our trades open more than how we planned on keeping it as the market can change direction anything and make all our profits to become a lost. We don't need greed and be satisfied with the little profits we already have.

Yes, I completely agree with this saying: "Hope for the best but expect the worst" Yes, this is a wise phrase that contains a lot of wisdom and education for traders and the strategy that they should always follow.

The trader is always optimistic about the best and the big profits and the rise, but he must always take full precautions and be prepared for the worst that may happen, because we are in a highly volatile crypto market and there are many events and factors that may change suddenly and turn the table and turn the profit into a loss. Therefore, the trader must always be prepared.

Traders need to be careful when doing something like this, and this is because if a trader takes such a risky move and they do this because they were in a rush to make profits and they failed to accurately asses why their previous prediction was wrong, then it is entirely possible they could make a mistake yet again and this time it could be very costly, as admitting that you were wrong is already very difficult, but admitting this twice in a row is even more difficult.

I agree with one point and disagree with the other. Learning indeed is a continuous process and no matter what we are doing, even trading, we can always learn something new. There can be no one who can say they know everything, one can be an expert but they will always have room for improvement. Losses in trading are inevitable and even expert traders can lose sometimes, but as I said, when they lose, they learn from those losses because there is always room for improvement.

I disagree that it's like gambling because it is not. Knowledge doesn't have much value when it comes to gambling because you can't apply knowledge or skills and win more in gambling, it's all about luck there but it's not the same in trading. In trading, the more knowledge you have, the higher the chances would be for you to make more profit because you understand the market, you know when to make your trades, when to enter and when to exit the market, and what are favorable risk-management techniques, etc.

A trade deserves several things that anyone who is ready to introduce himself into trade should get before rather than introduce and later end up losing at any times you trade. The first thing is that you should have patience and don’t be much emotional, if not, whatever a person comes to do in this life can never go well; secondly you need to seek out knowledge and achieve a lot of key points of the trading to prevent you from losing too much of your money when ever you trade.

Proverbs prove that leaning is a continuing sentence. If you want to become an expert in trading, the best thing to do is for you to keep seeking for a knowledge together with research. We all know where there’s gained, there will also be losses. It's also like gambling; not everything you predict can be your outcome, but when we've got little knowledge about the trading, the losses will be limited.

Some people prepare for the worse and still profit from the situation. I mean have you seen traders that flip market when thier direction isn't longer favorable. There is this guy I was following, he recommended us to buy fetch one time and was following him to scalp some altcoins, at some point he recommend we sell everything and I did and he short some of those altcoin, it was a risky move but he is now in profit. Some positions are now closed in profit and some are still open.

Crypto market is dynamic but when you see that your direction is not longer feasible. Change the direction but it has to be done moderately. Don't over leverage your position unless you are ready to lose all your money. 2-3x leverage is very moderate and easy to manage incase of liquidation hunt by bears and bulls.

Preparing ourselves for the risks that we will face is of course very important and also we must be able to find the right solution when facing risks in trading, because without understanding the risks that we will face it it is very unlikely that we will be able to minimize the risks that we may face in trading.
When deciding something in trading, of course, it is very important not to be in an emotional state, because it is very unlikely that a person will be able to make the right decision in an emotional state, so it is very important to be able to control emotions when trading.
You are right, in trading there are only two possibilities that we will accept if we cannot make a profit then we will lose money on the trade we do, so it is very important for anyone to have good knowledge and skills about trading so as not to lose their money when trading.

Well as a trader we need to expect the unexpected because not everything will happen according to what we plan and sometimes we loss, not every day we earn so we also need to prepare our self for the possibility. You are right hope for the best and expect the possible worst when we loss.

On the moment that you would really be making yourself that getting Fomo'ed or really that having those emotions which cant be controlled then you are really that prone into tons of mistakes.
We do know that it is really just that normal that we will really be having some huge problems when we are really just that starting since we dont have that knowledge and experience so it will really be that normal
that mistakes could really be committed. The important thing on here is that you do make yourself that be able to adapt on whatever the things that you are really that getting involved into.
You cant really just that make yourself that successful without taking up such risks and this is why its really that important that you do really know on what you are dealing with.

Expect the unexpected as always because the market is really that something that you cant be able to know on where it would really be going. As a trader then you should really be that versatile as much as possible.
We do know that if you wont really be taking risks and minding about the possibilities that could happen then you would really be definitely get shocked if you wont be that prepared.
It will really be that important that you should really be that wary on the things on whats happening around because you do really know on what you are really that doing.

Risk should be thought of before and after. Then controlling emotions is also the first thing to think about before making a decision rather than regretting after receiving the results.
Trading requires more than enough knowledge because trading is only profit and loss. Loss is something that is certain but profit depends on the practice that we will do.
Good preparation is needed. Without knowledge and all the capital required will be in vain.

Be prepared for the loss is different from always expect the loss, and this is definitely not the right mindset to go in while you're into trading. You should always stay ahead and loss is inevitable but it doesn't mean you always expect that cause no one is going to be excited when they lose and it's not gambling even though there's lots of resemblance to it.

When you gamble always expect the loss that make the wins exciting but trading should be considered as seriously.

Yeah, absolutely right.
In the trading department, most of the people get disappointed   and get so scared that they don't even think of trading. All this is due to a lack of knowledge and confidence. And that's why they have negative thoughts about trading, although the reality is not like that. The first subjective topic that is taught in the trading department is emotional sway. It means that trading should not be done from an emotional perspective it has a bad effect, but many traders do not take it seriously and when they get a loss, they get discouraged.
 
 
Every user should know these rules before trading:

✔ Risk management
✔ Always followed the trend
✔ Always go with Market Direction Don't go against the sentiment.
✔ You have to take trade when market conditions are in your favor
✔ A trading plan should be made under a strategy
✔ Use of stop loss is essential.
 
By following these rules, you can become a successful trader instead of demoralizing from trading.  

I think I will simplify everything further that the point is we have to know about the positive and negative sides of an activity that we find before we finally get involved more deeply, because in the end regret will always be a certainty.

In most cases I see that traders who end up failing are those who are fomo, or who don't want to miss out on something that is being done by other people, and that is one of the triggers for involvement without being based on the right understanding, and also other triggers are not infrequently people who are experiencing financial problems who force themselves to get involved by bringing high hopes and beliefs that trading is an activity that can solve the financial problems they are experiencing

Even for me before we learn about trading further, we must understand the risks involved in trading. because I see almost always someone who is interested in trading they will ask about the benefits they get, they do not ask about the risks but they ask whether it is very profitable or not. This mindset must be straightened out first, because when one wrong step is taken, it will have a big impact. It is our job to be able to direct them beginners to provide better education, not intending to preach, but it is not wrong and in fact I think it is very good when sharing knowledge with others, especially with people who really need the knowledge. I personally will feel useful if I am able to share my experiences with others, even if it is just a simple experience or knowledge.

Well, the fact is that many people expect the best, but are not prepared for the worst. Because of this, many people are disappointed with trading. However, they sometimes think that the money they have can increase many times in a short time, but forget about the risks. After they get a loss, they will feel very disappointed, and may think negatively about trading.

Volatility is both a blessing and a curse, really. In any coin, but to a different extent.
Its effects can be mitigated a bit by using DCA and other methods (that's just the main one, in my opinion), but you should still stay responsible while doing anything on the market.

On the moment that you would really be dealing up with trading then it would really be just that normal that you should really be that accepting or be wary about market volatility because this is something which is really that inevitable. This is why its important to have these realizations first before trying out to deal with this volatile space. Never ever make yourself that too positive or you would really be that in a hurry on making profits
because this market isnt something that so simple or easy for  you to make profits. Always follow up your plans and analysis that had been made. Dont make  yourself too rush on making up decisions because we know that once you would really be that in a rush decisions or being that too optimistic about positive results then better have not, sooner or later you would be able to realize things along the way.

It is really that important that you should really know on what are the things that you would really be that dealing with and since we are talking about market volatility then this isnt something that simple
or someone could easily deal up with. Learnings would really be a never ending thing, as you do go ahead then you do gain up such experience and would really be able to become much better trader than on
yesterday. It would really be just that matters on how well you do consider out  yourself on handling with this volatile space. Just make it sure that you do have that realistic approach as always.
Dont make yourself delusional then its likely that you would bust up yourself that hard towards this market.

This must be a good slogan for bitcoin. We keep getting good results and making money, but we also keep getting lower as well in the price and bear market happens. We see people getting richer, but we see people getting poorer as well, both of those could happen in crypto and it is going to be very tough, it is not an easy thing to do at all.

We cannot consider this volatility as the worse thing in bitcoin ecosystem, we are talking about something that is dangerous to play with in the end, but if you learn how to make use of volatile nature of bitcoin for your benefits, then you may get the best of best. I think we should be considering this that easy, it is not going to happen that easily and we should have some hard time if we fail to do anything good. Just focus on holding as much as you can, but get your stop loss ready just in case as well, this way you can hold and profit, but if things get out of hand, you will be at least getting out at the right time as well.

What are you going to say about the traders that have a very high percentage of victory, do you think that those traders didn't believe in what they were doing. You can't be negative and be expecting a something different as result to come out from what you're doing. Traders have to be optimistic about what they're doing. You can know that you can get disappointed but don't put that in your mind but trade like you can be victorious in every trade that you're carrying out. The market is uncontrollable but it isn't unpredictable, you can make your prediction and be right and you win. Every time that you make a prediction, it mightn't be correct but sometimes, you can be correct, that's what makes trading fun and interesting. Practice makes perfect in trading, as you keep practicing you'll become a perfect trader and more of your predictions will be correct than wrong.

True, every trader will certainly never be completely free from the fierce fluctuations that occur in the market, we cannot be completely free but with risk management and caution we will be a little more protected, or will not experience unwanted things too often such as significant losses. Logically trading will never be said to be a risky activity if a trader can completely avoid the risk, so of course if you want to get involved in the world of trading then the main thing you must understand is to realize that this is a risky activity and also another thing you must have is the ability to be open-minded when experiencing losses.

Because as you said that if we do not have the ability to accept risks then emotions are something that will definitely dominate a trader and when emotions dominate then it is clear that various aggressive actions are very possible for them to do, and usually this is the cause of a trader ending up bankrupt.

Losses cannot be separated from trading or in other words, risk will always be present in every trade we make, even as you said even though we follow where the trend is moving, we will always have the risk of getting a loss. If we are not ready for such risks, then it is better for us to avoid trading. Thinking about profit alone in trading is not wise at all, because when we lose, there will be emotions that will affect us, that is actually what makes trading unhealthy. We cannot always make a profit, there will be times when we will feel a loss. Even traders who are considered professional will still experience losses in the trades they make.

Trading is highly risky and unpredictable, so even if you are confident to trade because of your capabilities and skills, still expect that your success won’t be 100% guaranteed one. There are still uncontrolled market swings  that will suddenly hit your trades, and with that, you become less control of your trading success. Just trade when there are high probabilities of trading success, but never expect too much that everything will go along your direction positively.

Loss is part of the trading journey but you can remove or at least lessen the risk of having a loss by doing a good technical analysis, and risk management, not all trades must be hold and not all trades must need to trade I mean in this part if you doubt to trade don't take a risk follow your guts and feeling if you think you are not quite safe better to skip than to regret your postion.

Market conditions and trends that often change every year make traders indeed have to have a strong mentality and also other better preparations because making hasty decisions without calculating the risks will clearly not be good for anyone. So traders must be aware of this when they want to start trading on any exchange except for people who are just learning to feel and run their first trading in a particular exchange where they must be more observant and careful in carrying out step by step over time.

You can't merely win every time in trading without losing; even professionals who generally win lose some of the time because the market can't be advantageous at all times. You are correct that losing is a common part of trading; you can simply set a stake and claim you will not lose. To succeed in trading, it's important to be patient, focused, and learn from others who are more experienced. Some may prefer to invest in bitcoin to reduce risk. and before you can enjoy trading you need be patient and focus very well and learn from other that are better then you, and I see some have turn trading as a source of income because some professional I know that can trade very well and winning, before they guide you trough you need to pay alot of money before you can gain knowledge from them, and i didn't blame from that because they face many challenges before they become what they today. if they said they will do for  free they won't be getting some extra funds to stake. Trading is good if you are boss on it nothing come easy without hardworking and challenges.

The losses experienced by every trader are certainly something that will definitely be experienced and to be able to avoid this, of course we must be able to understand it well so as not to make mistakes that make us lose when trading from every failure we experience, of course we must be able to learn from it and fix the mistakes so as not to repeat them in the future, as you said very rightly, this is part of the process and we can make it an experience and also a lesson.

Everyone who has learned from the losses they have experienced will of course be able to make them more careful in making decisions when trading and of course this will make them decide something correctly and the results they get will also be better than before, in terms of emotions of course it will depend on a person's personality and also their knowledge of trading, because without understanding well of course someone will continue to trade with emotion and also greed because they do not understand trading well, but if we continue to practice of course it will be easy to control emotions when trading.

So long as risk is involved, one must expect the worst-case scenario. Hoping for the best will be the motivation to even get started and continue in the business. Trading is one deal that the worst can easily happen so anyone not willing to expect the worst should just avoid trading. Preparing for the worst is something that will guide the trading in measuring the level of risk so he is not out of the game completely. This preparation should be part of the trading plans.

We worry too much about losses when we don’t have enough money to be investe back into trading. The market is such that when you understand them and made money from it, you won’t hesitate to feel sad when you lose and feel like not putting money into it again. It’s a natural feeling and every trader will have to pass this stage on their way to been profitable. When one becomes profitable, their thoughts are not always glued to only one thing, they take a lot of lessons from the losses and work on becoming better to be more profitable in the future. The emotional aspect of it is something you must have learnt on your own, no mentor teaches that.

I see loss in trading as a normal activity, you can’t be a trader and you won’t lose. I don’t think that’s possible, even professional traders lose in trade, but when trading and you notice that your loss is already more than your win, then that’s when there is always a problem, you need to go back and do research why you are losing often. But if you are a trader and your profit is still more than your loss, then everything is fine. If you think as long as you start trading, you won’t be losing, then you are wrong, and that’s what most trading signal providers do use to deceive people, promising them 100% profits in trade.

Yes, it also means that we must be neutral, in the sense of understanding that profit opportunities are indeed available in trading but also by acknowledging and realizing that risk is always involved in it or in every time you trade and can make you lose money. Although in trading getting profit depends on skill but it does not mean you should ignore the various possible risks of loss just because you have a lot of knowledge. So I think the ability to accept risk is always much better and also focusing more on risk management and planning is also very good so that we can minimize the possibility of various actions that should be avoided which are caused by emotions.

Everything has its own risks, so before starting, prepare yourself carefully so that when we accept the risk we can find a quick way out so as not to cause excessive anxiety, ups and downs in trading are normal, so we can control our emotions when adversity hits us.

We all hope for the best, but we also have to prepare ourselves for adversity because good things will not always come, there will be times when adversity will also come to us, so prepare carefully so that we can control everything well and carefully.

That is the basic thing to understand here. You should hope for the best but things might not always go that way and so you have to ready to face the bad things too. This should not induce anxiety, which sort of destroys the entire premise., but be prepared for the bad.

Markets can go haywire, but the important thing is to stick to spot trading only so you have asset at hand to spend and break even with patience. Dont for anything other than spot trading however tempting it might look, they are traps.

Crypto trading and every other risky businesses where you're not sure of making profits or succeeding is better to go into it with the right mindset. Hoping for the best and being prepared for the worst is a good mindset when you're entering a trade because despite you're professionalism and experience you can still lose. So inorder not to get too emotionally if you lose it's good to have a mindset that prepares you to accept wins and loses. Newbies that are coming into trading must understand that it's not a get rich quick scheme were profit is a guarantee, you need to be hopeful to win and prepare your mind for loses.

I know, "Hope for the best, but expect the worse" is an expression but I rather lower my expectations than expect the worse. In life, there are just two choices, genuinely, to make in any situation. It's either a yes or a no. It's either I'm interested or I'm not. Any other that comes in-between is indecision and shouldn't be counted. We can't suddenly jump from best to worse. If we take that to trading, it's either profit or loss. Those who sit on the fence because of indecision don't have the benefit of either.

You're right. Trading has certainly its own share of losses no matter how were trying to trade for profits. And that's something we can't take away from it. That's why acceptance is the key. If you can't do that, you will constantly be in pressured while trying to end up with profits, when you know you can't please always the market that it sometimes go with unpredictable outcomes.

The realty of trading is, everyday you should be ready to learn a new lesson. This will continue even after your 10th anniversary as a trader. Still, when you sail on trend side, you may pick the profits and after you exit, market will show another 20% growth which means even after making profit, you should be ready for learning another lesson. And on your next trade, when you wait for another 25% profit on top of your usual target, market may reverse and hit stoploss. Again, a new lesson; the cruel reality of market; I am damn sure that 100% of traders here must have gone through similar incidents.

Even swing traders may not be patience enough to catch that dream $100k level from the current level but investors will. I mean market volatility will trigger fear by showing down trends time to time and by eating up stoploss levels for traders which means only early holders may get chances to enjoy such big targets and all others will simply learn a new lesson.

Yeah, knowledge and skill will guide us to predict when the market will be in our favour. But, unfortunately there is no such "sufficient" level for our knowledge and skill against the volatility of crypto market. In some sense, if we keep on persisting with trading for long time, finally we can be highly skilled with sufficiently knowledgeable trader yet being a profitable and successful trader is a big question mark. For the case of holding/investing, you do not need similar skill and knowledge but your profits are guaranteed without any frustrations of non-favouring of markets.

Yeah I agree; this type of anticipating higher risks led me to be a long term holder instead of safeguarding my account from blowing off rather than focusing on profit booking. I expect all the traders to turn an investor slowly by learning a lesson everyday.

👍

That's a more believable story. Actually my grandfather, who owns an antique shop, has been a holder of Gold and an investor in some stocks. He merely HODLs them, which is where I got influence to be a long term "value-investor".


Although, there were bearish traders during that time that made money, I believe 2008 would be trouble for many traders and investors, not just your friend.


👀

Those Bitcoins will be, at the minimum, $5,000,000 during 2025 or 2026. Plus he would probably buy the other half he has in fiat back into Bitcoin. He probably can help other people retire.

That's the thing with those who newly joined trading, some have that mindset to always be on the winning side but they forget that trading is like gambling, you win today you lose the next day, profit doesn't have to come your way always and  the earlier these sets of people put it in mind that trading is a 50/50 thing the better for them because is like you're preparing you mind for what will happen next, either good or bad (making profit or losing). If in any way we know how the the market works like we can predict it correctly then nobody will have to lose but that's not how it works, that's why many have multiple strategies to go with.

If you have been a long time trader, you will come to understand that there would always be inevitable losses in trading no matter how good you are as a trader. That's something that we can't take the full control while trading in an unpredictable market.

However, if we are potentially skilled and has working trading strategies, despite of the reality that trading could make you lose at some point, but know for sure that your gains will outnumbered your losses, that is if you are a good and successful trader.

You are taking about emotions. This is one of the reason most trader fail in trading and accrue more losses than win which eventually makes them to leave the market early than expected. The market is very volatile and has many factors that it considers in making it moves, if you’ve learned about the market very well and understand those factors when they come and when they play an important role in the market, you’ll see your trading game getting better and you’ll begin to see good results. With such results, your emotions would have by that time beginning to be controlled and perfected by you into not making too many mistakes or error in decision making in the future while trading. Losses cannot be avoided but they can be mitigated, what you’ve learnt and how your emotional impact towards the market has improved will also determine how your winning rate will be. In this stage, the hope you’re hoping for will already with you.

I have known a guy who has been a trader in stocks for over ten years before he got into crypto in 2018, which means that he started in stock trading at around 2005-2006, and he did had some trouble during 2008 to be fair, but by the time he got into crypto at 2018, he was already decent at trading. Then he started to trade at crypto and for him it was so simple and he made millions, a few millions to be exact.

But he is not a greedy person, he turned all his earnings into bitcoin, then cashed out half of it, and he has about a little bit over a million dollars, close to one and a half million dollars in bitcoin and about the same in fiat, and just retired without much issues, it has to be very careful without a doubt. We need to keep holding as much as possible to be like them and keep trying, with enough experience we are going to start making money the way they make and that's the important part, just being a consistent person to do that.

It is important to accept that there is a possibility of such losses in trading. Because as a trader it seems inconceivable that you would trade without having a loss mindset. Because no matter how skillfully one trades here, the chances of losing here are several times higher than the chances of winning. No matter how well the market is analyzed now, very few people can predict what is really going to happen in the future and most of them lose some part of their capital at one time or another. However, there are many examples of people who have benefited from trading. So as a successful trader you have to start trading with the mentality of losing as well as profiting and how to overcome from here. Otherwise, success will not be possible.

How many years has he been a "trader"? Plus if he's trading stocks/forex, is he outperforming the S&P-500? If he's trading cryptocurrencies, is he outperforming Bitcoin? There should be a large sample size of his trading data to determine if someone is truly positive. Anecdotal evidence is useless.

I'm not trying to nit-pick, but respect to his success if he can continue to be profitable and outperform for the next 10 years.

Reviewing market price movements and making decisions is always based on guesswork, but should be traded in small amounts to educate yourself through trading so that financial loss or profit trends with experience. Choosing the right currency should be followed by expert advice to avoid losses. It should not be considered that you will lose every time so that you can be more motivated and continue to accumulate more from market dips. Rather than determining bearish and bullish price differences, one should continue to make regular deposits by choosing the right currency to increase the chances of getting higher profits.

In case of taking a trade, a trader has to take the trade by accepting the risk. No one can definitely guarantee his trade but he has to take risk. There are many traders who live on emotions and trades influenced by emotions in taking trades which must be avoided. There are also many who trade depending on the signals given by others without any fundamental analysis, which can be a big mistake for a trader. The trading platform is a hub of knowable individuals. Here you have to be successful by using your own skills and necessary trading knowledge. Sometimes a trader after getting profitable can't withdraw his profit from his trade at the end because there he increases the expectation which is also abandonment. Withdraw profit from a certain level. The tendency to make excessive profits should be avoided otherwise one would be exposed to losses in spite of profits.

My advice - don't make mistakes as motivation, but make them as the most valuable lessons. Motivation can come from various sides - insults, ridicule, being underestimated are some things that should be able to arouse motivation to achieve the best.

Learning from mistakes is the best way to avoid making the same mistakes. It can be hard sometimes, but it doesn’t mean you have to fail forever. Adjusting your strategy should also be done if the previous strategy doesn’t work, so keep trying to achieve your goals even if you have to fall more than once. But always remember - don’t think you can get consistent profits in trading, it’s almost impossible.

Having a loss and seeing it as something that was meant to happen isn't that good because it wouldn't motivate you to practice further so you don't have lose again. See losses as a motivation to improve on your trading strategy so that you don't make mistakes that'll make you to lose again. For every loss that you have, you can avoid it and make it turn into a profit. To become an expert at trading, you have to minimize how you get your trades wrong. Hope for the best and plan your trade well so the best can come to you. Trading is more of your mindset and thinking negatively isn't going to help you to have better outcomes from your trades.

You can predetermine the outcome of your trade hence the ball is in your control and you have all the necessary information to use to your advantage. Don't be a negative thinker but always tell yourself that you can get the best results from your trade and it'll happen.

But people fails to understand that of trading instead they think it's a bed of roses where if they venture they boom immediately without even having incurred any lose, and of course anyone who must trade should as well prepared to lose because no has a clean records without loses in their history of their journey to trade.

This is a very well known proverb and yet one that is not applied too often, and this is because many people do not even consider the possibly of things not happening exactly as they want, which is odd, as I doubt that anyone has experimented the kind of life in which everything goes their way, however for some weird reason they expect the markets to be some sort of exception to this and somehow they are able to win their trades all the time.

Trading is not seems for only profit machine, who start trade of course knows that profit and loss both expected in trading. Loss is also part of trading, why do we lose in crypto trading? surely there is a loss due to any wrong step, without mistakes how a beginner trader will become experience trader, mistakes can help to learn trading.

Well, we can not determine how many people that made success from trading after making this post but I can say for sure that I know of a guy, he worship in the same church with me, he paid to a forex company for eight months training on how to trade and today as I speak, his only occupation is trading and he is making a living out of it.

I do trade but that's not my only focus and because I don't give it much time, I can't say am too profitable at it.

You want to enjoy your trading to remain in profit earning, make sure you eliminate emotion and fear from your trading because those are some of the things that make some traders to experience losses in their trading which they are capable to put an end to it. If you can be able to control your emotion and fear, you can maintain winning in your trading without loss because I have seen many traders who have eliminated emotion and fear from their trading to remain in profit earning in trading.

Well, if your loss is higher than your profit in crypto trading, I will advise you to find solution to those things that is making you not to maximize profits in trading because if you fail to make a positive change at the moment, it will continue to happen to you to experience the worse from crypto trading.

That's a positive mindset which will help you a lot in the long run.
There are a lot of people who get deceived seeing losses in their trades but we must know that it is bound to happen at some point of time.
We won't get to learn new things if we don't lose right and so we must take losses as a fees to get the new lesson.

Both profits and losses belong to the trading game. What makes the difference is the net profit/loss. A good trader has a net profit. A beginner trader will probably only usually make net  losses. (Which is why trading on a practice platform with practice money is best for beginners)

Losing your emotion in trading will makes you can not think clear and can not analyze the market. That will gives you difficulty to know when the right time to enter and quit trading because your minds can see that opportunity. Besides of learning trading, you must also learn about self control so you will not lose control of your emotion because the market movement can makes you should think fast before you decide. Before you trade you must prepare yourself from the lose because you can not always make a profit from trading as the market movement can make you confuse to analyze where the market will moves. That will be never ends of learning because crypto market will always moves and will not gives the same move so you must always learn to improves your skills to be better.

Emotional stress is certain in trading, which many traders find difficult to manage. Indeed, hope remains for all traders, but failure seems possible to happen as well, causing major losses. As traders, we should never make rushed decisions but rather analyze and plan well. Positive results come from positive market responses as well. If we want to succeed, then make ourselves ready for anything to happen and anticipate losses. Although we can't escape from losing, we are using only our extra money to ease the situation. 

Understanding clearly how trading works makes a trader accept reality. But those who are not will find reason to blame the market. 
In the end, we don't just hope for the best; we also do something to improve our trading skills. 

We have seen that sort of posts many times before in BitcoinTalk, but to those who make such posts, who from this topic actually make money from "trading"? Pardon me for saying this, I believe NONE because it takes long term data to actually determine if a person is actually a profitable trader. Merely two or three years of data doesn't determine profitability. That's a mere average length of a cycle.

The crypto market is entirely dynamic and I believe that the first thing a trader should know about is the dynamic nature of the market. If someone is devoted to learning how to trade, they can make more profit because they can now use a combination of some trading tools to make an accurate prediction, though it might not be 100% accurate but there are some traders that doesn't risk too much to enter a position that they are not very certain on making profit. In trading, it good to continue learning because the advantage of continuous learning is that you can not have dozens of losses.

I am a bit panicky guy. Once I see the price still dropping below my buy price, then definitely I regret it sometimes. But for sure, I don't sell at loss. When I enter a trade, I convince myself to hold it for a long time until I have good profits. Nevermind if I have to wait a year or two. My intention is not to lose at least. This is actually more emotion than lead to panic. But I always try to defend my panic. Sometimes I sell at small profits when I feel need to exit from a coin. That emotion I can't control actually, and when I sell, I see the price start pumping hard. However, it's true that if we need to be a gainer from the trading, then we must have patience. 

Hmm, this section is getting more and more theoretical and filled with topics on philosophy and tips, haha I've it least it not a dead section people are making posts here, anyway in trading if you are active, smart, and skilled at your emotion management you can minimize risks.

Trading is not for everyone but if you are passionate you can try it, at least you'll be putting in some effort, but there's another check, if you are planning to start trading on someone's earnings and screenshots from the influencers or from trading groups, buddy stay away from trading its injurious to your health and your valuable assets, mostly proofs shown by such people are fake and scripted to attract more people for selling their membership in which you'll get signals to make money overnight haha its funny if they really know the trick why they charge 50 bucks 100 or 200 for the membership they should take some trades and make money. Don't fall into such shit if you are falling into this you should never hope for the best and expect the worst always.

Beginners usually always experience losses because they do not have techniques that are mastered in trading so they can trade carelessly without the ability of existing skills, precisely like this, they will usually experience more losses than profits.

But I realized that when I first tried trading as a beginner, the loss was one that was often experienced because this was the learning process and also the experience gained, which in the end could balance the suitability of the trade.

traders must know that in trading there is a possibility of profit and loss. in the process of planning a trade, when you are more experienced then you will have more confidence to make a profit. even if the situation gets worse, experienced traders have planned steps to minimize the risk of loss.

which may be a burden in the process of learning to trade. a beginner trader cannot escape from losses. even though they know they can lose, but more beginners cannot accept losses humbly. the hope for profit must of course be balanced with the trading skills they have.

Everyone involved in trading wants the best whatever the sequence and risks that occur, I'm sure no one has bad wishes, but facts remain facts, bad and good things can happen in crypto trading, no matter how good we are, if we have decided and the button is pressed, we can't say anything else, we can only accept the good and the bad.

That's why trading knowledge is very important and looking at the crypto market situation is also very important, analysis is also the same and the type of crypto chosen to determine trading is also the main key, You can be careful and if you don't consider the factors I mentioned above it will also be a disaster for us, don't be too selfish and greedy in trading, do it wisely and carefully consider it to gain real profits.

I use the statement to make people prep more than hope.

If you are day trading then you have to expect the unexpected. But if you are trading long term you will be having profits. Like the people who bought at 40k levels are anyways taking profit even at these bear markets. Then the ones who bought at 60k will be holding till the ATH is reached once again.

The level of panic/calm you have? It completely depends on how your mileage is. I prefer to stay healthy so I go for long term.

OP, perhaps this should be another proverb for the plebs like us in BitcoinTalk - "Why trade shitcoins and risk losing your precious Bitcoins and metal sanity for less profit, when you can merely HODL and be more profitable"?

Plebs like us will never win against those traders with their army of bots, who have more experience/knowledge, and who have more capital than us.

This is also the perspective I try to have when trading. It’s good to hope for the best but you shouldn't go in expecting results will be good. Losing is just part of the process and if you accept that, it can help you learn from your mistakes. Still, this mentality requires constant practice as well! Just goes to show that trading is a continual learning process.

I think that's obvious though, anything is life, we should be preparing for the worse although we always do our best and hope something is going to be in our favor. But in any case it's not, then accepted it already. And as you have said, it should be a learning process for everyone and think of it as just a challenge and so we keep our and move on the next day and hope that we will win in our trade.

And this kind of mindset makes everyone really be somewhat in survival mode and not relax and this is good to us. I mean we should think that it's always a battle out there, and we can't win every time. And most of it, we make sacrifices and at the end of the day, it should be for our own good. 

Yea it's actually the best mindset to start with, by calculating your loss before your profit, it's all what most of this experience and profitable traders do, they mostly calculate how much they are willing to lose on a single trade, before calculating how much they are going to eventually make, and the best way to go about it is by trading with an amount you can afford to lose, so in my own perspective, as a trader, that's the beginning point of knowing exactly what you are doing.
And  this is what separate the profitable traders from every other traders, they knows that in trading, knowledge on technical and fundamental analysis alone is not enough, you need patience, and the ability to control your emotions, you need to be very good in managing your risk properly, so in essence of what am trying to say is that, just as the op of this thread has rightfully said, it's very important as a trader to calculate his or her  loss first before calculating his potential profit, so that his or her emotions can be in check.

This is a nice one, I mean both the heading and the body and as short as it is, it carries the needed information and advice. I agree to them since most traders are victims of trading because of the easy way they see trading and most painfully the way people introduced it to them as if it is a simple walkover, which is not true.

The minds of such traders are often positioned to trade and earn so easily, some would even advertise it as cheaply as going to an ATM machine with a master card (not the company) that unlocked free money from the machine. I wonder why people would not be so relaxed in that. When they face reality, it might have been too late. By virtue, some may overcome it, but some will leave trading ASAP.

For this, preparing oneself with such advice given will go a long way to rather get prepared for the worst, and if the trader got there and found it cheap, good luck, after all, he didn't relax his mind towards the trading battle.

They can choose a simpler way, investment but chance to get rich quick with trading leads them to a tougher way, trading.

Trading is risky like you said and it is more dangerous with Leverage, Futures trading. The loss rate with Leverage, Futures trading is bigger than a loss rate with Spot trading but these trading types are the same, most of traders lose their money with time. If they start with 1 BTC for trading, they will lose it to 0.9 BTC, 0.8 BTC and even lose it to 0.3 BTC after one bad position with liquidation. The math of loss continues with 0.3 BTC and loss rate of 70% from liquidation, they will successfully reduce their bitcoin capital for trading to only 0.09 BTC. This is their left capital after two liquidations.

Continue to be liquidated, a third time, will cause their trading capital drops to 0.027 BTC. It's almost the end of their trading job.

some people also always said to use risk capital, or the money that we can afford to lose, implying that we should already thinking that we lose that money in trading even before the trade occurs and we shouldn't be salty about it.
this helps people not becoming mad and ego trade when they lose their money, to prevent from further lose.

it's undeniable that some newbie when they go into trading for the first time always thinking that their $100 might turn into $1 million and the next month they will buy lambo, the reality couldn't be more far off than the truth.
what the newbie gonna have for the first few months or years is consistent loss, but they'll grow out of it eventually if they are smart enough.

so yeah, expect for the worse so you won't be stressing.

As long as trading is in concern this particular proverbial statement should always be in our mind every time. No matter how better we can be trading in our life time we should always remember that we are gambling on our skills, it's a 50/50 game its either you win or you loss.

So if anyone is losing and if they remember this statement they wouldn't give at an early stage just because they have now known what to expect and what not to expect.

I like this because most traders learning process in trading could be forever. They will only realize that they are losing as they continue to trade. But there are exceptions. I mean people that make money from trading. Just think of small earning and you have more chance to earn money from trading. But most people only think in one direction. Which is trading is a fast means of making money. That is why they will prefer day trading which is the most risky type of trading.

This kind of approach actually helps one to manage their risk accordingly. Trading involves losses sometimes, but how much one has lost is what matters. When one expects the worst, they don't only focus on winning, but also safeguarding the position in case things go south. This helps them not blow off their accounts and therefore stay longer in trading.

Losses are inevitable when trading so always anticipate that there could be chances that you might fail in trading and end up in losses, that's why it's an essential thing that you trade only when you have sufficient knowledge and skills, and when you think there is higher probability that the market will favor on your trades. Otherwise, you'll never be a successful and profitable trader.

Oh yeah, it's essential to balance both expectations as it can help the trader make informed decisions before taking on any trade. Excessive hopes and assurance on traders about their trade's has liquidated many that some even blow up their account in a twinkle of an eye on a single trade they deliberately refused to set up a stop loss for.

I'm trading you can't be too sure, even when all indicators are pointing an upwards trend you've to still going in cautiously with the inner mindset that it could go wrong, that's why it's called prediction market.

Yeah thats pretty much what most people need to realise. But people never have this mind set.

Even now, we got tons and tons of BTC flows with all the ETFs but bitcoin still hasnt broken the ATH and we broke $60K earlier. People were all hoping for bitcoin to be at least $100K, especially by the amount of flows which are coming out of the spot markets and staying on the ETF books for a long time. Less supply means thats prices should be higher. However that is not the case here.

So like you said, hope for the best but expect the worse. Hopefully we dont get a repeat of August 5th.

>>this is a kind of proverbial statement , which highlights different aspects of life too other than trading.
But in trading and as a trader it's helps you be a bit rational and less irrational in decision making, rather than being emotional when you have losses in trading, you should actually see it as something that's always meant to happen. Its like a learning process that never ends.
Anytime you trade always be self prepared for losses, but at the same time keep your hopes high for  positive results.